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court appointment tomorrow on a potential liquidation. >> all right, kayla. thanks very much. we'll be watching that as it develops. so what happens next? hewlett-packard disclosing an $8.8 billion accounting charge this morning because it massively overvalued a company called autonomy that hp acquired last year. hewlett ceo says her company was duped. the founder of the company at the center of the controversy is up next. he's going to give us his side of the story exclusively. autonomy founder, michael lynch here with me coming up. join me for that. >>> up next, the latest conflict between israel and hamas rippling across the globe. bank of israel governor stan fischer speaks with me after this short break. >>> how's this for a geek factoid? fischer gave bernanke an "a" plus when he studied under him at m.i.t. stick around to see if he's still making the grade for stan fischer. a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our
court appointment tomorrow on a potential liquidation. >> all right, kayla. thanks very much. we'll be watching that as it develops. so what happens next? hewlett-packard disclosing an $8.8 billion accounting charge this morning because it massively overvalued a company called autonomy that hp acquired last year. hewlett ceo says her company was duped. the founder of the company at the center of the controversy is up next. he's going to give us his side of the story exclusively. autonomy...
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i also think we'll get tax reform and that's what speaker boehner's talking. that is scaling back the deductions and credits in the tax code for higher income households and that would generate revenue and the combination of two things would i think get us to a place where we need to go where we generate revenue. at the end of the day if we solve the fiscal problems long run we need not only more tax revenue we also need more spending cuts and fair share of that has to come from reforms of the medicare and social security system. so, we have to do all of the above i think that's what we're working towards. >> all right. mark zandi, thank youcjç very m. hope that we get that resolved before january. appreciate it. >>> gaza, of course, one of the most densely populated areas in the world. neighbor to israel and egypt. territory home to palestinians and hamas. the violence there could spread throughout the middle east. we'll take a closer look at gaza as well as the region. they've been committed to putting clients first. helping generations through tough times.
i also think we'll get tax reform and that's what speaker boehner's talking. that is scaling back the deductions and credits in the tax code for higher income households and that would generate revenue and the combination of two things would i think get us to a place where we need to go where we generate revenue. at the end of the day if we solve the fiscal problems long run we need not only more tax revenue we also need more spending cuts and fair share of that has to come from reforms of the...
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this is press release politics, which is the last thing we need right now. but what is important is to look at the white house did put her out there. she did her job. i'll give her that. she spoke with the talking points she had, what she knew. the fact is the administration to put her out there with misleading information and that's the clear case. it was not a riot over some tape, a movie that was made. even senator feinstein agrees they have to follow that trail. why was the decision made to even put her there in the first place when really she shouldn't have gone out there -- the country wasn't ready to hear -- they weren't ready to give the country all the facts. they probably shouldn't have put her out there to begin with. >> i think we have to remember if you read her statement on that sunday, she always said this is the best information we have now. she left open that there were many questions and now we know that the stories were changing. it was mostly the cia changing the story. >> it's for political reasons. they had to answer it. >> they gave th
this is press release politics, which is the last thing we need right now. but what is important is to look at the white house did put her out there. she did her job. i'll give her that. she spoke with the talking points she had, what she knew. the fact is the administration to put her out there with misleading information and that's the clear case. it was not a riot over some tape, a movie that was made. even senator feinstein agrees they have to follow that trail. why was the decision made to...
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courts will deal with this. regulators will deal with this. we have yet to hear from former management at autonomy to see what they have to say about these allegations. >> i tell you what, one thing is for sure. this has moved the bar by which "bad" ceo and "bad" deals are judged. if this comes to be the way that hp alleges. it's not an aol/time warner and not a countrywide but it was a bad deal. it wasn't just the deal itself but it immediately impacted hp stock price at the time it was done because people questioned the strategy which they had a right to and he was out the door not very long after. >> strategy and premium to the shares. multiple was in question at that time. the stock was down about 70% since then. obviously there are a lot of other things going on. secular decline in business doesn't help either. certainly this is going to -- this is one thing that put that company on that track lower. you can see the stock moved down. that big drop that we saw in 2011. >> do their own methodology to come up with a number they believe would
courts will deal with this. regulators will deal with this. we have yet to hear from former management at autonomy to see what they have to say about these allegations. >> i tell you what, one thing is for sure. this has moved the bar by which "bad" ceo and "bad" deals are judged. if this comes to be the way that hp alleges. it's not an aol/time warner and not a countrywide but it was a bad deal. it wasn't just the deal itself but it immediately impacted hp stock price...
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what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty for businesses and individuals. the "wall street journal" had a report out yesterday saying there is so much uncertainty we could slip into another recession over this fiscal cliff. let's hope they can do their jobs for once. bill: you go find beckel, will you? >> it's not my turn to baby sit. we'll find him by 5:00. bill: it takes four you to baby sit him. to our viewers, have you got a question in e-mail us or on twitter @bill hemmer. this is coming up. we have dozens of house republicans formally opposing susan rice's nomination as secretary of
what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty...
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after a two-week battle west decided to opt against the long and costly court battle. he went on to congratulate murphy saying he praised that murphy will serve his constituents with honor and integrity. >>> and another close house race will come to a close later today for utah's fourth congressional district race between mia love and jim mathison will be released today. love conceded the race on election night but is holding out hope uncounted mail and provisional ballots could turn the results. mathison is leadi ining given t president obama lost the state by 48%. finally, pour some sugar on me. twinkies may not be gone for good. hostess has agreed to mediation after a bankruptcy judge demanded that the two groups negotiate. it's unclear how the talks will go but both sides expressed hope and it's possible thousands of jobs could be saved. the mediation is set to take place this afternoon. >>> the market shook its post election slump with the biggest one-day gain since the election two weeks ago partly due to optimism that a fiscal cliff deal can and maybe will get d
after a two-week battle west decided to opt against the long and costly court battle. he went on to congratulate murphy saying he praised that murphy will serve his constituents with honor and integrity. >>> and another close house race will come to a close later today for utah's fourth congressional district race between mia love and jim mathison will be released today. love conceded the race on election night but is holding out hope uncounted mail and provisional ballots could turn...
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they are making sounds of compromise, but nancy pelosi -- >> speaker boehner and mitch mcconnell, and senator reid and i would all agree, we have to have something that will pass both houses that the president will sign. >> since mitch mcconnell's soul goal was to deny president obama a second term, and he failed i think he needs to resign now. >> that makes him a failure. >> stephanie: uh-huh. senator durbin. >> $250,000 for income is a reasonable number. those 2% or 1% of the highest wage earners in america who are doing well, should pay a little bit more. >> i won't pay it! that is taxing the job creators. >> stephanie: senator mitch mcconnell. >> i believe we're in the dpe limb ma we're in not because we taxed too little, but spent too much. >> oh, come on. >> stephanie: yeah, you failed at your number one -- you only had one plan and you failed at that. >> if we're spending too much let's cut the military. >> stephanie: bobby jindal. >> we're the party that wants growth. pro-growth policies. >> they do nothing but protect the rich. what is he talking about? >> he is lying. >> ste
they are making sounds of compromise, but nancy pelosi -- >> speaker boehner and mitch mcconnell, and senator reid and i would all agree, we have to have something that will pass both houses that the president will sign. >> since mitch mcconnell's soul goal was to deny president obama a second term, and he failed i think he needs to resign now. >> that makes him a failure. >> stephanie: uh-huh. senator durbin. >> $250,000 for income is a reasonable number. those 2%...
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it's 22 past the hour. wonderful. here with us now creator of the blog are for "the new york times," nate silver. nate is the author of the book "the signal and the noise: why so many predictions fail but some don't." >> well, well, well. >> and it's very good to have you on the show this morning. >> it's great to have you here. >> thank you, joe. >> very good to have you here. by the way, we didn't bet because we love humanity too much, and we made a contribution, mika. >> that's nice. >> in nate's name. >> when i talk to friends i have down in new jersey, people, i think, don't realize how devastating the storm was. >> the scope. i still think, looking at pictures last night on facebook, my husband facebooks with channel 7, and i don't facebook, but he was showing me the pictures he was posting on facebook. it is unbelievable still the damage and destruction and the people who were left out in the cold, the people who are hungry from the effects. >> americares does great work. we have a lot to talk about. >> sure. >
it's 22 past the hour. wonderful. here with us now creator of the blog are for "the new york times," nate silver. nate is the author of the book "the signal and the noise: why so many predictions fail but some don't." >> well, well, well. >> and it's very good to have you on the show this morning. >> it's great to have you here. >> thank you, joe. >> very good to have you here. by the way, we didn't bet because we love humanity too much, and we...
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don't believe everything you read in the union press release. just because they say one thing doesn't mean it's going to materialize. we have seen some of these events before. it's usually a handful of associates at a handful of stores across the country. >> these workers have every right to fight for something that they consider to be fair. walmart made over $15 billion last year and paid its ceo $18 million. walmart has no problem hanging them out to dry. "the huffington post" obtained a walmart document showing low-level employee pay structure. they found if an employee starts at $8 an hour and performs flawlessly, they can expect to make $10.60 an hour after working there for six years. do the math for one year. that employee makes $22,000 a year after working at walmart for six years? on top of all of this, the walton family, which owns walmart, was worth $89 billion in 2010. it's the same worth as the bottom 41% of american families. it's no surprise walmart workers are planning a black friday strike. the company defiantly has the money to
don't believe everything you read in the union press release. just because they say one thing doesn't mean it's going to materialize. we have seen some of these events before. it's usually a handful of associates at a handful of stores across the country. >> these workers have every right to fight for something that they consider to be fair. walmart made over $15 billion last year and paid its ceo $18 million. walmart has no problem hanging them out to dry. "the huffington post"...
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georgia, 22%. louisiana, 22%. florida, 21%. this is a fifth of the public here doesn't have health insurance. so i guess in terms of how this plays out in the state house, i wonder if governors hold on to their seats once they reject something that would have a considerable human benefit. >> it will have a huge human benefit. it's not just the people who get health insurance. you know, there are hospitals in these states. today when people have no health insurance, they show up at the hospital and the hospitals have to treat them. and that cost at the hospital will bare it and pass it on to everyone else in the community. hospitals are looking at this and saying this is money that could help stabilize our finances so we don't have to charge everybody else so much money. i wouldn't be surprised if over the next few months, as the election is now passed, you hear more and more from hospitals if places like texas and oklahoma knocking on the door of the legislature saying, hey, what are you guys doing? this is a great deal for us.
georgia, 22%. louisiana, 22%. florida, 21%. this is a fifth of the public here doesn't have health insurance. so i guess in terms of how this plays out in the state house, i wonder if governors hold on to their seats once they reject something that would have a considerable human benefit. >> it will have a huge human benefit. it's not just the people who get health insurance. you know, there are hospitals in these states. today when people have no health insurance, they show up at the...
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i hope boehner starts to attack what you perceive as their strength. it will force the democrats to stand up for more traditional what we associate with the democratic party, which is we're going to protector things like social security, medicare and we'll go further with more progressive taxation and expand social security because frankly it makes sense to do so at this point. >> cenk: the argument that paul krugman, who i come back to frequently because he has been about the only economist who has been right at every stage from pre-cataclysm through now wait a minute weynes was right. he's basically saying the social safety net is what we need to build a middle class and create the assumption and create jobs. >> we can create medicare and the government can provide less money for seniors. in the end it comes out of their kids pockets. you're basically allowing for a tremendous amount of income inequality to continue in this country, and hopefully this will push the democrats to the left. if the republicans at least nominally shed some of these more s
i hope boehner starts to attack what you perceive as their strength. it will force the democrats to stand up for more traditional what we associate with the democratic party, which is we're going to protector things like social security, medicare and we'll go further with more progressive taxation and expand social security because frankly it makes sense to do so at this point. >> cenk: the argument that paul krugman, who i come back to frequently because he has been about the only...
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hostess brands went to bankruptcy court today. the ceo wants to shut down operations and fire more than 18,000 workers. some people in the media broke the news with a few laughs. >> it is a sad, sad day for america. >> a final twinkie. i'm just going to save mine for 12 years when it will still be good. >> share the wealth there. >> doug, thank you. it makes you want to go buy all of the twinkies in the grocery store. >> can we have a quick thoughts of twinkies in your life? >> all these rich media people, you know, it's easy to talk about twinkies in the good old days. the real story, i don't think it's funny. it's about 18,000 workers who just found out that they are going to get fired just before the holidays. i think they have families, don't you? many have worked at hostess for more than a decade. their bosses asked for 8% pay cut and a 17% cut in benefits. some workers would have to give back at least $2,000 a year. this is the second time in three years hostess has asked its employees to cut their salaries and sacrifice ben
hostess brands went to bankruptcy court today. the ceo wants to shut down operations and fire more than 18,000 workers. some people in the media broke the news with a few laughs. >> it is a sad, sad day for america. >> a final twinkie. i'm just going to save mine for 12 years when it will still be good. >> share the wealth there. >> doug, thank you. it makes you want to go buy all of the twinkies in the grocery store. >> can we have a quick thoughts of twinkies in...
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by the way, hostess in bankruptcy court today. with more than 18,000 jobs on the line, the judge makes a new ruling. is there going to be a glimmer of hope to save the twinkies? we'll take a look when we come back. [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ >> a federal judge strongly suggested that hostess and a baker's union agree to mediation. we have been following the story. >> larry, hostess is saved at least for one more day. a judge will proctor talks between hostess and a baker's union. here is what hostess ceo had to say today. >> i'm happy to participate in a process where we can explore any possible solution. anything that gets people back to work, i'm all for it. but i can't handicap how it's going to go. >> if the two sides don't come to a deal, then th
by the way, hostess in bankruptcy court today. with more than 18,000 jobs on the line, the judge makes a new ruling. is there going to be a glimmer of hope to save the twinkies? we'll take a look when we come back. [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about...
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the president wants to generate $1.6 trillion in revenue over 10 years and speaker boehner said he is more interested in half that amount. >>shepard: all of the tax cuts are going to expire because the republicans and democrats signed off on it. what they can do now is re-instate the tax cuts. >>gerri: extend them. >>shepard: the president is vetoing them for the richest. if they don't do anything they expire if everyone. the fiscal cliff has had problems and impact on how corporations are doing business. >>gerri: these are new numbers, the "wall street journal" put these out saying that overall spending by companies is down 1.3 percent and capital spending down, as well. companies are retrenching, spending less. they decided they want to spend husband h -- spend less because this is uncertainty. >>gerri: we need the companies to hire people and expand and open more plants around the world and in the united states. >>shepard: that would be nice. >> we have the executive business editor and assistant managing editor of the the "wall street journal," parent company of this network. wher
the president wants to generate $1.6 trillion in revenue over 10 years and speaker boehner said he is more interested in half that amount. >>shepard: all of the tax cuts are going to expire because the republicans and democrats signed off on it. what they can do now is re-instate the tax cuts. >>gerri: extend them. >>shepard: the president is vetoing them for the richest. if they don't do anything they expire if everyone. the fiscal cliff has had problems and impact on how...
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i mean this is boehner, paul ryan, cantor and pelosi, reid, key members there, this is like two groups, they are not briefing their conferences much. they are not going out there and telling people what they are doing. these are private negotiations. from what i understand, they are pretty active private negotiations. this is where we are right now. again, we should point out based on everything i know, no deal until after thanksgiving. and by the way, then it becomes key. this is really interesting. if you don't have a deal after thanksgiving, think about what m cos next -- think about what comes next, you have christmas holiday shopping, that's a huge time for retailers, if people think they are going to get taxed, a fiscal cliff scenario where all the tax rates go up, every single bracket goes up, right, are people going to spend money? that's a real question. liz: we have a guest coming up to talk exactly about that. we will ask him that question. >> yeah, and i think this clock really starts ticking after this week because that's when people start thinking how much money -- it's a
i mean this is boehner, paul ryan, cantor and pelosi, reid, key members there, this is like two groups, they are not briefing their conferences much. they are not going out there and telling people what they are doing. these are private negotiations. from what i understand, they are pretty active private negotiations. this is where we are right now. again, we should point out based on everything i know, no deal until after thanksgiving. and by the way, then it becomes key. this is really...
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if speaker boehner can deliver 25, 30 votes, we'd supply the rest of them. there's an easy and quick answer to that. the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the first read team reports there's a sense in the white house they need a cease-fire negotiation in the middle east asap. it could come down to a test of the new egyptian government. nbc's deputy political editor mark murray will join us live. plus, new jersey governor chris christie, you might say he stole the show on "snl." >> you have been wearing that fleece a lot. >> yaeshgs it's basically fused to my skin at this point. >> we'll have more. it's one of the things we thought you should know. >>> welcome back. president obama now on the last leg of his unprecedented trip to southeast asia.
if speaker boehner can deliver 25, 30 votes, we'd supply the rest of them. there's an easy and quick answer to that. the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the...
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it will not be pitched to the press that way. >> i think it depends. i think it depends on how republicans are describing what they do on their own terms. let's get past a fairly sterile debate about a tax rate that is temporary. let's get to a real tax form debate. lower rates for everybody with a better less expansive set of deductions. then you can have more revenue with lower rates. that is the pot of gold at the end of this rainbow. you have to get from here to there. you have to have the politics right between now and the end of the year. tracy: i love your optimism. thank you, sir. >> thanks. tracy: coming up, a federal court could wait and any moment on hostess request to liquidate. plus, more glimmers of hope for housing, but one homebuilder analyst is still really cautious about the future. first, as we do every day at this time of day, we have to check on oil prices. up $2.65. we are at $89.57 on the barrel of oil right now. your battles, gold, silver, copper, all of as well. we will be right back. ♪ [ male announcer ] the markets keep mov
it will not be pitched to the press that way. >> i think it depends. i think it depends on how republicans are describing what they do on their own terms. let's get past a fairly sterile debate about a tax rate that is temporary. let's get to a real tax form debate. lower rates for everybody with a better less expansive set of deductions. then you can have more revenue with lower rates. that is the pot of gold at the end of this rainbow. you have to get from here to there. you have to...
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any minute now lawyers are going to a bankrupt court hearing. will any part of the brand survive? we'll have the latest. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, and like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies across the country, in retail locations like these. ♪ call to enroll today and enjoy these benefits... for a $0 monthly premium. most plans also include part d prescription drug coverage
any minute now lawyers are going to a bankrupt court hearing. will any part of the brand survive? we'll have the latest. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these...
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the federal government would be hard pressed to reload the fiscal cannon. the cost of the debt service in that environment will be enormous. investors and retirees with social security and state debt will see their portfolios lose value. home buyers will see the cost of mortgages to rise and home owners will likely see the price of their homes fall. as few buyers qualify for these mortgages. the government could have its back to the wall at that point and we would be forced to embrace more drastic steps to ensure fiscal balance of the government does not take action now. why hasn't the government taken action? let's be candid -- putting aside the rhetoric -- rhetoric and the possible last two weeks, the behavior in washington in recent years confirms we have lost the ability to compromise. politicians who attempt to move to the center are set upon by their own side. one size faces continuing pressures never allowing a cent of spending cuts and there's a call countervailing opinion from the others as a reserve -- the other side that does not want a tax incre
the federal government would be hard pressed to reload the fiscal cannon. the cost of the debt service in that environment will be enormous. investors and retirees with social security and state debt will see their portfolios lose value. home buyers will see the cost of mortgages to rise and home owners will likely see the price of their homes fall. as few buyers qualify for these mortgages. the government could have its back to the wall at that point and we would be forced to embrace more...
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hostess is in bankruptcy court today. twinkies alone brought in $68 million in revenue so far this year. another company will likely step in to save the twinkie. not so sure about the jobs of those striking union workers. the bakers, they could think along with the company. you can sell the assets, but the whole point is, why would any company come along and want to pick up the marketing agreements and the union contracts. the teamsters were bad about that. they signed off on this deal. it was a smaller bankers union that backed off and put the whole company into this. connell: that is what we have been talking about. pretending they are so upset about the loss of the actual twinkie. i am talking about people on tv. i am really upset i cannot eat twinkies anyone. dagen: i just think it is an excuse for a lot of female anchors to eat twinkies on tv. we all do not want to see that. connell: nicole joining us now. nicole: i feel badly for the company. i am not really a fan of twinkie, though. when you talk about a big tech c
hostess is in bankruptcy court today. twinkies alone brought in $68 million in revenue so far this year. another company will likely step in to save the twinkie. not so sure about the jobs of those striking union workers. the bakers, they could think along with the company. you can sell the assets, but the whole point is, why would any company come along and want to pick up the marketing agreements and the union contracts. the teamsters were bad about that. they signed off on this deal. it was...
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hostess asked the courts for permission to shutdown the company. needless to say, the hostess companies did not take it well. >> i won't get into speculating as to why it happened. we will do a full scale investigation into that. >> very, very upset. >> and jay could not resist there, and you have to have an interesting ability there that you can do two accents. >> that is weird, because i saw it for the first time. i thought, that is not me, it is some american people. >> yes, they have to fix up that piece of sound from the governor. mandy, thank you as always. >> thank you. see you tomorrow. >>> as we reported holiday travels are to be up for the fourth year in a row and if you are flying, check out the daily beast top 25 worst airports in the country. the top five for you. number five, washington dulles where 79% of the departures leave on time. and then four is chicago o'hare where jay gray was. and number four is george bush intercontinental, and then nu number two is san francisco international, and number one is newark liberty where you cou
hostess asked the courts for permission to shutdown the company. needless to say, the hostess companies did not take it well. >> i won't get into speculating as to why it happened. we will do a full scale investigation into that. >> very, very upset. >> and jay could not resist there, and you have to have an interesting ability there that you can do two accents. >> that is weird, because i saw it for the first time. i thought, that is not me, it is some american people....
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Nov 19, 2012
11/12
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and it's been obviously tanking so had some room to the upside and they are getting that today, up 22 bucks. stuart: that's a nice gain. thank you very much indeed. i have tom sullivan here with me. you are a california kind of guyy but you were looking at the housing numbers, existing home sales up 2.1% october. 4.79 million. i'm saying there's some improvement here. tom: there is, but that's for the real estate industry. in other words, how many sales there are. and sales are not as strong as the prices, and the only reason for that is one out of three people in this country are still under water and stuart, they are not going to sell. they can't sell. they can't refinance. they can't do a lot of things and so i think that sales number is going to creep along until we get positive equity for more people. stuart: essentially, i'm grasping at straws here. tom: everybody is. everybody is jumping up and down about the real estate market recovering. i'm going, i don't think so. not when you have a third of this country under water. stuart: prices rather than sales volume? >> prices are u
and it's been obviously tanking so had some room to the upside and they are getting that today, up 22 bucks. stuart: that's a nice gain. thank you very much indeed. i have tom sullivan here with me. you are a california kind of guyy but you were looking at the housing numbers, existing home sales up 2.1% october. 4.79 million. i'm saying there's some improvement here. tom: there is, but that's for the real estate industry. in other words, how many sales there are. and sales are not as strong as...
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Nov 19, 2012
11/12
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john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion dollar deficits sthao based on your experience in working with president obama is he willing to go for significant tax reform, change the whole problem? that would be historical. >> we will not get out of this mess without growing this economy, and the only way to do that is to have structural reform and tax reform. this isn't something that republicans have sat back on. we have passed legislation already that sets up the framework to have tax ry reform. we've passed it to take away the sequestration that he says in the debate will not happen. bee have already passed that in the ho
john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion...
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Nov 19, 2012
11/12
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years to get to that make up you have to deal with. >> there has been some change there, and speaker boehner has put up with you all that branch and signified he is willing to talk. that's what negotiations are about. i just look out the clinton, bush tax cut issue and where you put the rates as a major part of the solution when you look at the amount of money you could bring in and you add that into some of the deductions we're talking about, but that is a big chunk of change. >> and in a press conference he just did, the president seemed to -- >> one of my colleagues from where this enemies i missed it, they did pass their blackberry over commission to show show me that since. so, you know, clearly is showing flexibility which i think is important. clear the republicans in the house have to, to. >> this will be a congress where you think by the end of this year hopefully sort out the fiscal cliff. are you confident of that? >> i think will have to sort it out part of it and sorted under clinton afford. i do think every key will be crossed and every eye will be guided by the something's we
years to get to that make up you have to deal with. >> there has been some change there, and speaker boehner has put up with you all that branch and signified he is willing to talk. that's what negotiations are about. i just look out the clinton, bush tax cut issue and where you put the rates as a major part of the solution when you look at the amount of money you could bring in and you add that into some of the deductions we're talking about, but that is a big chunk of change. >>...
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Nov 19, 2012
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bush won 22% more of the vote in 2004 than he won in 2000 in part by upping, not entirely but the hispanic vote went up 10% or 30% based on his base. he was someone who spoke. he didn't get 27% which is what romney got. obviously if romney had got ebb 40% of the hispanic vote he would have won the election. >> and pigs would have begun flying. >> eight years earlier, it's not some miracle or mystery how. he liked them. he spoke spanish. talked about comprehensive immigration reform. he was not hostile. he was not ugly spirited. and he was somebody who had a record in previous -- in his governorship of being open and inclusive and admiring of the power of immigration. something happened in the republican party. a semipsychotic break in 2005 for reasons i don't entirely understand. it's been destructive. it has been almost a destructive force. you cannot name a single congressional canndidate who ha benefited from being a harsh immigration restrictionist. not one except for maybe the sheriff in one local race. congressman ran on it in '96, 2004, 2006 and lost. >> so much of this starts at th
bush won 22% more of the vote in 2004 than he won in 2000 in part by upping, not entirely but the hispanic vote went up 10% or 30% based on his base. he was someone who spoke. he didn't get 27% which is what romney got. obviously if romney had got ebb 40% of the hispanic vote he would have won the election. >> and pigs would have begun flying. >> eight years earlier, it's not some miracle or mystery how. he liked them. he spoke spanish. talked about comprehensive immigration reform....
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Nov 19, 2012
11/12
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CURRENT
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dan it is in "full court press" time? >> you mentioned the american music awards they were handed out for the 40th consecutive year last night. just inn bieber was the night's big winner, nicki minaj, and carly jettison was named the new hit artist -- >> john: well it's like the four horseman of the apocalypse. this is the prop here! read those names again. >> justin bieber nicki minaj, lincoln park -- >> john: lincoln park is an actual band. that is the only actual rock and roll artist. justin bieber, i believe plays some guitar. >> that's a stretch. >> john: well, i'm not saying he is neil young, i'm say heing plays guitar five times more than new kids on the block. if we were in prison together, i would want him as my cell mate. [ laughter ] >> president obama became the first sitting american president to visit myanmar. mtv says the -- >> john: carly ray jebson. call me maybe, where she sounds like a 14 year old and she is 47, right? >> she is 26. >> is she really? >> discovered by justin bieber. >> john: wow that is
dan it is in "full court press" time? >> you mentioned the american music awards they were handed out for the 40th consecutive year last night. just inn bieber was the night's big winner, nicki minaj, and carly jettison was named the new hit artist -- >> john: well it's like the four horseman of the apocalypse. this is the prop here! read those names again. >> justin bieber nicki minaj, lincoln park -- >> john: lincoln park is an actual band. that is the only...
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Nov 19, 2012
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at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again i
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the...
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Nov 19, 2012
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double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a different president got elected. ronald reagan, like barack obama, inherited a struggling economy. ronald reagan implemented policies 180 degrees opposite of barack obama. instead of checking up taxes, he cut taxes. instead of exploding spending and the death, he restrained growth and spending. instead of -- debt, he restrained growth and spending. instead of releasing the hounds of regulators on small businesses and rescue -- entrepreneurs, reagan limited regulation. the result was one of the strongest person of economic activity our nation has ever seen. the fourth year of reagan's presidency was 1984, precisely corresponding to right now in obama's presidency. does anyone know what gdp was then? 7.2%. our ideas work. their ideas do not. if you want the 23 million people struggling finding work to get jobs, the answer is simple. you need growth. to get growth, you have got to reduce and simplify the tax burden, reduce regulations, and unchain small businesses and entrepre
double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a different president got elected. ronald reagan, like barack obama, inherited a struggling economy. ronald reagan implemented policies 180 degrees opposite of barack obama. instead of checking up taxes, he cut taxes. instead of exploding spending and the death, he restrained growth and spending. instead of -- debt, he restrained growth and spending. instead of releasing the hounds of regulators on small businesses...
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Nov 19, 2012
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the speaker of the house john boehner says that he backed away from an agreed compromise on raising the debt limit. an article in "the new york times" magazine tends to support that charge the reason he painted a picture of obama standing firm and the negotiations as the apparent requirement for the resolution of the legislation approaches the end as it appears that even more are being forecast for the next congress if it will take an unusually skillful second term president to deliver solutions to the financial problems facing the nation. if the task rests on the shoulders of barack obama will he emulate wells and who wouldn't compromise or would he like eisenhower? regan, clinton and washington figured out how to win against the odds. of course to achieve the accommodation in congress he would need a lyndon johnson, tip o'neill or new gingrich to lead the congress majority that would follow. so what specifically what i recommend that he would do to avoid the challenges of the second term? he should appoint an intermediary with the skills of simpson-bowles to work with the congress on
the speaker of the house john boehner says that he backed away from an agreed compromise on raising the debt limit. an article in "the new york times" magazine tends to support that charge the reason he painted a picture of obama standing firm and the negotiations as the apparent requirement for the resolution of the legislation approaches the end as it appears that even more are being forecast for the next congress if it will take an unusually skillful second term president to...
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Nov 19, 2012
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even in the presidential ways. >> is this kind of technique that was honed and endorsed by the supreme court. this election will have an affect on issue campaigns as well. are we going to find super pacs that are going to influence the outcome of legislation? , tax code reform orthopaedic,. i think it will probably be more electoral vote. listen, so many can co that. they can write a check to try and control congress. it's a poisonous thing for our country. in mitt romney's campaign for many of the weeks, it was not the romney campaign. it was these super pacs. in our campaign it was the obama campaign. we may be the last presidential campaign to be able to say that. >> all right. question from a student? yes, ma'am. >> is there any possibility that they might being able to produce some sort of way to stopping money in the future campaigns? >> the question is given how popular the super pacs are, is there any way to stop them? >> i think we've had a 30-year campaign regime in the country that has fried to characterize. some of this is good money. so of this is bad money. we will try to deter
even in the presidential ways. >> is this kind of technique that was honed and endorsed by the supreme court. this election will have an affect on issue campaigns as well. are we going to find super pacs that are going to influence the outcome of legislation? , tax code reform orthopaedic,. i think it will probably be more electoral vote. listen, so many can co that. they can write a check to try and control congress. it's a poisonous thing for our country. in mitt romney's campaign for...
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Nov 18, 2012
11/12
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the health reform law looked like it might get overturned by the supreme court. so a lot of governors said there is no point in if the law is overturned or maybe the president won't be re-elected and why plan for exchanges we don't want to do if the law will go away. i think now that the president has been re-elected, it is clear the law will go in to effect we are seeing re-evaluation by governors. >> how does that change things? how does it change the way my life or your life or our viewers' lives will be affected if it is run by the federal government versus the state? >> i think on a consumer level you may not notice huge differences but decisions the states can make. like will the states allow any insurer that wants to come to the market sole on the exchange where you can buy and be a lot of choices or do screening and say we want to exert more quality control, only a few plans and when you shop you have fewer choices but more standardized. >> whab the difference in price state to state. would there be variables that way? >> there will be some but a lot of b
the health reform law looked like it might get overturned by the supreme court. so a lot of governors said there is no point in if the law is overturned or maybe the president won't be re-elected and why plan for exchanges we don't want to do if the law will go away. i think now that the president has been re-elected, it is clear the law will go in to effect we are seeing re-evaluation by governors. >> how does that change things? how does it change the way my life or your life or our...
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Nov 18, 2012
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you know, mitch mcconnell has to worry about a primary collage in 2014, and boehner has to worry about a leadership challenge from the right so there's certainly a primp on what they can do. that said, the incentives have changed, and you saw chris christie's incentive changed, and there's, you know, the fiscal cliff creates different incentives, and i think the end of -- the end of that one term goal means that different republicans will start to have different incentives which means that on immigration, perhaps on a long term deficit deal, there will be avenues for potential cooperation. whether, you know, whether it takes, you know, more ass kickings or a real statesman to lead the republicans towards a different future, i think that depends on what happens over the next few years. >> i mean, i would add that, you know, there's a real brulalty to sitting in washington, that was just breathtaking to me. as a relative outsider, going into the mill and the buzz saw of the political apparatus in washington, and i think that, you know, it's bipartisan horribleness. it's not just republic
you know, mitch mcconnell has to worry about a primary collage in 2014, and boehner has to worry about a leadership challenge from the right so there's certainly a primp on what they can do. that said, the incentives have changed, and you saw chris christie's incentive changed, and there's, you know, the fiscal cliff creates different incentives, and i think the end of -- the end of that one term goal means that different republicans will start to have different incentives which means that on...
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Nov 18, 2012
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if that is true, that is the product of a free press. i will not ever complained about a free press in the united states. if you're on these continue after you get there, if you find ways to present the positives so that it is not such a concentration in our media on the negatives. it will be a government that will continue to have corruption. it will be a military that will continue to have shortfalls, particularly the enablers and also in terms of people who turn on their own and turn on us. that will continue hopefully at a significantly reduced level. there will be those examples. i hope you would be aware what is presented to our public. i do not want anything shaped. i am not suggesting to anybodyit that you tried to engage in propaganda because that is not what we are looking for. we are looking for a balanced presentation of the pluses and minuses and it has not been accurate from what i have seen with my own eyes and terms of a balanced media presentation of the situation in afghanistan. it is better than the average american th
if that is true, that is the product of a free press. i will not ever complained about a free press in the united states. if you're on these continue after you get there, if you find ways to present the positives so that it is not such a concentration in our media on the negatives. it will be a government that will continue to have corruption. it will be a military that will continue to have shortfalls, particularly the enablers and also in terms of people who turn on their own and turn on us....
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Nov 18, 2012
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i also remember calling up a guy before i worked for governor romney, i worked for john boehner. i called up our didge cal -- digital guy and said tell me about twitter and he said you don't need to know that. that is not going to take off. so much of what we did was driven from the bottom up through twitter. even when toivens plane, we would go -- even when i was on the plane, jen was on a much bigger plane called air force 1. i was on hairforce 1. by the time i came back to the front of the plane i would see on twitter i already made news. >> when you say people, you don't mean people. you mean reporters. >> or people. [laughter] >>that was on the -- free to be you and me c.d. reporters are people. but this was kind of backstage conversation you were watching play out on twitter. sometimes real people. it was more important for you how the journalists were using twitter. >> it became an incredible newsing a gator. you could see now like t.p.m. more left leaning. see what they are saying. see what folks on the right are saying. folks in the middle are supposed to be saying. what
i also remember calling up a guy before i worked for governor romney, i worked for john boehner. i called up our didge cal -- digital guy and said tell me about twitter and he said you don't need to know that. that is not going to take off. so much of what we did was driven from the bottom up through twitter. even when toivens plane, we would go -- even when i was on the plane, jen was on a much bigger plane called air force 1. i was on hairforce 1. by the time i came back to the front of the...
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Nov 18, 2012
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there have been court cases where it and operated. u.s. citizens were there. on thoese fronts, it does show that there is activity on the border. take a minute and tell me the level of violence. >> it has been documented. look at the news reports just this last week alone. there has been a former houston police officer that has been indicted on money-laundering charges. we have a kidnapping case in san antonio last year and an austin there was of cartel. there is a criminal trial that is occurring right now. one of the head cartel henchman is spilling the beans about what is going on. two weeks ago, the special agent in charge of the d.a. in chicago said that he was the number one criminal in the world. he has a hub in chicago that is making parts of chicago as violent as mexican border towns today. that is happening in america. it is frustrating for homeowners to your that the border is more secure. -- hear that the border is more secure. >> no one is disagreeing backed there are no problems. no one is disputing that. is there a problem? yes. we have spent so
there have been court cases where it and operated. u.s. citizens were there. on thoese fronts, it does show that there is activity on the border. take a minute and tell me the level of violence. >> it has been documented. look at the news reports just this last week alone. there has been a former houston police officer that has been indicted on money-laundering charges. we have a kidnapping case in san antonio last year and an austin there was of cartel. there is a criminal trial that is...
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Nov 17, 2012
11/12
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and by that, trying to court some key electorates. and in this case, i mean latinos, because what we know from the demographic work of say the p punta gorda hispanic center, in the next two decades, the latino population will account for half of the growth in the american electorate. the republican party, in order to stay salient both at the national level and at the state and local level will have to expand its base, namely with latinos. of course also with women and independents. we can't forget about them. in 2012 we saw independents highly alienated. they cleaved a little toward romney. but by in large, they stayed home. they didn't go to the party. >> in an interview with abc news last week, house speaker john boehner said this about immigration reform. quote, while i believe it's important for us to secure our borders and enforce our laws, i think a comprehensive approach is long overdue and i'm confident myself, the president and others can find the common ground to take care of this issue once and for all. later he tried to ba
and by that, trying to court some key electorates. and in this case, i mean latinos, because what we know from the demographic work of say the p punta gorda hispanic center, in the next two decades, the latino population will account for half of the growth in the american electorate. the republican party, in order to stay salient both at the national level and at the state and local level will have to expand its base, namely with latinos. of course also with women and independents. we can't...
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Nov 17, 2012
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this is not the most serious story we have but it did go to court. that is why it is a legal story. >> well, if you're a possum, it is. >> and also if you're peta, first of all the owner has hosted the possum, in a town about hundred miles west of asheville in north carolina. and it involves trapping the possum in a cage and lowering it. now the judges seemed to not -- using a wild possum, the judge ordered them to release or kill the animal. that is the weird irony. so peta sued for the treatment of animals. it sounds funny, but there is a legal issue involved. >> i actually feel bad for the possum, i think the north carolina department of wildlife made up a permit so they could issue this to mr. logan. and i think the administrative law judge who wrote an 18-page opinion, among other things, patrick henry. was right. there is no right to capture or hold a wild animal. so at the end of the day no possum drop there unless the estate legislature changes the law, i don't think that is going to happen. >> who is timmy the guerilla? >> actually, he passe
this is not the most serious story we have but it did go to court. that is why it is a legal story. >> well, if you're a possum, it is. >> and also if you're peta, first of all the owner has hosted the possum, in a town about hundred miles west of asheville in north carolina. and it involves trapping the possum in a cage and lowering it. now the judges seemed to not -- using a wild possum, the judge ordered them to release or kill the animal. that is the weird irony. so peta sued...
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Nov 17, 2012
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when obama and john boehner said down to negotiate very soon, will the gop give a little on this? will they get enough so we can get a resolution? my guess is no. i do not think the defeat was as clear enough to signal that kind of change. we do see if you people like bill kristol saying why are we [unintelligible] it is not -- the economy did great. there is a belief that there is an automatic relationship between the level of taxation on the wealthy and economic growth. you look back at american history, there is an inverse relationship over the last 80 years between level of economic growth and taxation on the wealthy. what will happen? we might sail over the fiscal cliff. that phrase invented by ben bernanke. but relax. the fiscal cliff is the kind of thing that only exists if washington allows it to happen. washington sometimes seems like a school where the teachers set the deadline and then change them. if we do still over the fiscal cliff, there are little maneuvers the treasury can do to make sure that we do not, even if sequestration actually starts, there are maneuvers t
when obama and john boehner said down to negotiate very soon, will the gop give a little on this? will they get enough so we can get a resolution? my guess is no. i do not think the defeat was as clear enough to signal that kind of change. we do see if you people like bill kristol saying why are we [unintelligible] it is not -- the economy did great. there is a belief that there is an automatic relationship between the level of taxation on the wealthy and economic growth. you look back at...
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Nov 17, 2012
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that is the number of jobs that the company is looking to shed as early as tuesday if bankruptcy court will allow it. the company has been saddled with debt. it filed bankruptcy earlier this year, second time in a decade. it hasn't been doing so well. this labor strike apparently was the last nail in the financial coffin. we're going to see this company probably liquidate and try to sell assets. whether the brands will make it back onto store shelves i'm not so sure. in the meantime you might want to run out and stock up. that's what americans are doing. >> they are making a run. our floor director is looking at a monitor. there's like $75 for a box of ten right now. let's talk about another labor dispute in an iconic company, walmart. the workers are planning to walk out on black friday. but walmart is taking legal action saying can't do it because that's going unlawfully disrupt business. can they do that? >> they have lodged a complaint as of thursday with the national labor relations board. they have a right to do this just the way the walmart workers have a right to do the same th
that is the number of jobs that the company is looking to shed as early as tuesday if bankruptcy court will allow it. the company has been saddled with debt. it filed bankruptcy earlier this year, second time in a decade. it hasn't been doing so well. this labor strike apparently was the last nail in the financial coffin. we're going to see this company probably liquidate and try to sell assets. whether the brands will make it back onto store shelves i'm not so sure. in the meantime you might...
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Nov 17, 2012
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this obviously being the most pressing one. he's incentivized to get a deal done and the republicans are certainly incentivized to get a deal done because nobody wants to see this economy slide into recession because washington can't figure it out. >> that's certainly true. at least both sides are talking, and, hey, you know what? maybe we'll see a compromise. trish regan, thank you so much. >> you bet, randi. >> enjoy your day. >>> a huge victory for minority students in michigan. a federal appeals court strikes down a ban against affirmative action for college admissions, but is that the last word on this heated issue? we'll have a live discussion about it next. . [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! and you pick the price that works for you. great. whoa, whoa, jamie. watch where you point that thing. [ mocking ] "watch where you
this obviously being the most pressing one. he's incentivized to get a deal done and the republicans are certainly incentivized to get a deal done because nobody wants to see this economy slide into recession because washington can't figure it out. >> that's certainly true. at least both sides are talking, and, hey, you know what? maybe we'll see a compromise. trish regan, thank you so much. >> you bet, randi. >> enjoy your day. >>> a huge victory for minority...
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Nov 17, 2012
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actually, i just press this button. brew what you love, simply. keurig. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ >>> the height of the travel season is fast-approaching. more passengers flying means more potential for lost luggage. normally it takes hours to find misplaced bags. but did you ever wonder what happens to all the baggage that never gets claimed? just gets lost out there. well here is a glimpse. >> reporter: it's every traveler's worst nightmare. the conveyer belt stops moving and your luggage is nowhere in sight. lost, gone, never to be seen again? not quite. after 90 days, many of the hundreds of thousands of missing bags make their way from the airport to the auction block and sold to the highest bidder. >> sold! $500. >> reporter: sally and lawrence martin have made a 20-year career out of taking a chance on what's inside of that. >> what do you think's back here? there's something i
actually, i just press this button. brew what you love, simply. keurig. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ >>> the height of the travel season is fast-approaching. more passengers flying means more potential for lost luggage. normally it takes hours to find misplaced bags. but did you ever wonder what happens to all the baggage...
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Nov 17, 2012
11/12
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pressing europeans not to be so hard on greece and spain. the germans don't want to hear this. but the imf actually supports this. >> but wouldn't it be possible to have some policy version of this that would be some kind of broad definition? >> absolutely. we look at iceland, which is a very tiny place, a few hundred thousand people. but one of the ways they got through the economic crisis was the government went through all the business and personal loans saying we'll write this down by 10%, by 20%. it was a very orderly process. they stiffed their foreign creditors, too. we don't have the luxury to do that here. on the other hand, going through the debts and running things down, it's orthodox capitalist practice. we didn't do that here. part of the problem -- there is a political issue where people who are paying their debts resent it, people who they see as irresponsible get a break. solidarity is sometimes lacking in this country. >> we should always remember, the launching moment for the tea party, it was -- people say oh, it angered the banks. it was on cnbc, rick santel
pressing europeans not to be so hard on greece and spain. the germans don't want to hear this. but the imf actually supports this. >> but wouldn't it be possible to have some policy version of this that would be some kind of broad definition? >> absolutely. we look at iceland, which is a very tiny place, a few hundred thousand people. but one of the ways they got through the economic crisis was the government went through all the business and personal loans saying we'll write this...